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hedge fund managers rating agencies governments the local government here in cameron and they commit acts of fraud and terrorism and they're lauded as being somehow trustworthy and by the way u.b.s. ripped off our good friend slacks miser. they did it was a very dodgy deal there but they're saying here now there's a confusion amongst the likes of jeremy warner in the telegraph there's a confusion by a certain property developer here in soho about whether or not they're engaged in any sort of criminal activity now u.b.s. this settlement is for the swiss bank the u.s. bank and in japan and they cite for example that there was a broker in japan who was apparently open in admitting his crimes anyway in his e-mails on september eighteenth two thousand and eight he explained to a broker who was submitting the libeler bid he said quote if you keep sixes i.e. the six month japanese libel rate unchanged today i will do one humongous deal with you like a fifty thousand buck deal whatever i need you to keep it as low as possible if you do that i'll pay you you know fifty thousand dollars one hu
hedge fund managers rating agencies governments the local government here in cameron and they commit acts of fraud and terrorism and they're lauded as being somehow trustworthy and by the way u.b.s. ripped off our good friend slacks miser. they did it was a very dodgy deal there but they're saying here now there's a confusion amongst the likes of jeremy warner in the telegraph there's a confusion by a certain property developer here in soho about whether or not they're engaged in any sort of...
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the opposition says it will not negotiate with the assad government. this comes one day before the united nations special envoy is expected in moscow. >> the condition of an indian medical student whose gang rape triggered mass protests has deteriorated. doctors treating her in singapore say there are signs now of organ failure. >> most rates and other sex crimes in india go unreported and offenders are rarely punished, but the brutality of this assault has triggered public outrage and demands for both better policing and harsher punishment for rapists. >> now, another new rate case that led to suicide has underscored further the need for action -- another new rape case. >> this woman is mourning the loss of her daughter. six weeks after being gang raped in her village in india, the 17-year-old girl succumbed to her despair and took her own life. her suicide note lists the names of the four perpetrators. for weeks, local police would not register the case. instead, they tried to force a settlement between the rapists and the girl's family. >> for almos
the opposition says it will not negotiate with the assad government. this comes one day before the united nations special envoy is expected in moscow. >> the condition of an indian medical student whose gang rape triggered mass protests has deteriorated. doctors treating her in singapore say there are signs now of organ failure. >> most rates and other sex crimes in india go unreported and offenders are rarely punished, but the brutality of this assault has triggered public outrage...
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is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a representation as to what they are going to do. i do know they are going to be discussing it just in a few minutes. >> what would you say >> i would say the most preferable path forward is to get us back in session, come here, sit down at the table, and reach a compromise agreement. an alternative, which is the simplest -- pass the senate bill. you want to correct a glitch in the senate bill from a procedural viewpoint, it will pass the house, which will include a tax decrease on the first $200,000 of income of an individual or $250,000 for a family. we could do that immediately. >> you talked
is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a...
SFGTV2: San Francisco Government Television
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we're trying to bring talent from the private second for and government to innovate. we work with dozens of citieses across the country and next year we should be working with san francisco which is up, great. >> i'm filling in for a second. [speaker not understood]. >> hi, i'm yo yashida for appaliscious. >> we'll try to get a conversation going to talk about typically what you're doing. i'd be interested in hearing each one of you talk a little more about what you think -- it certainly is a term we're hearing a lot today and in the past. we'd love to hear what you think open data is now, sort of how far along are we in terms of actually getting governments to release that data and actually getting companies to do interesting things with it. >> this is kind of awkward sitting on his shoulder. you know, we've been doing this in america for awhile. i would say this is a nice turning point. before there were people on the outside banging on the door, open data, give me your data. now you're seeing governments take the turn themselves and set up a culture and the institu
we're trying to bring talent from the private second for and government to innovate. we work with dozens of citieses across the country and next year we should be working with san francisco which is up, great. >> i'm filling in for a second. [speaker not understood]. >> hi, i'm yo yashida for appaliscious. >> we'll try to get a conversation going to talk about typically what you're doing. i'd be interested in hearing each one of you talk a little more about what you think --...
SFGTV2: San Francisco Government Television
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because with your help you are really making government better. so, i wanted to say thank you to the hatchery and everybody in this room. yo? (applause) >> thank you, thank you, mayor ed lee. thank you, phil ginsberg and the hatchery for hosting us. i use open data. our company was founded three years ago using open data. we are one of the first sustainable companies to use open data and be sustainable innovation, meaning we can generate revenue and keep mobile applications for government going. we are really excited to be here today. this is our official launch of apple-liscious. i would like to thank our team, kevin, rick robbins, moment of all [speaker not understood] for my cto and co-founder. this was a very long, long journey with the city, but we had the help of leaders like phil, mayor lee, jay driving behind the scenes, the efforts for business to work with government. and i think we've accomplished that with this unique partnership moving forward. we're excited now there's cross-department collaboration with the san francisco arts, with
because with your help you are really making government better. so, i wanted to say thank you to the hatchery and everybody in this room. yo? (applause) >> thank you, thank you, mayor ed lee. thank you, phil ginsberg and the hatchery for hosting us. i use open data. our company was founded three years ago using open data. we are one of the first sustainable companies to use open data and be sustainable innovation, meaning we can generate revenue and keep mobile applications for government...
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the government taking extraordinary measures to keep the situation calm. the hospital authorities issuing this sad statement. >> in the past few minutes, they said the 23-year-old woman who is gay and raped december 16 has died. they had been warning the past few hours that she was suffering severe organ failure because of injuries she received in the attack. they have confirmed she has died. >> the government was trying to stop this rising wave of public anger across the country with some amazing scenes. on the streets of delhi, water cannons, protesters not giving in. this news, will that fueled the anger? >> i think the anger will rise considerably. protests on the streets in delhi, people furious at this case and what they see as a kind of rot where the police are not investigating sexual assault and rape properly and that the authorities in general are taking the whole situation regarding rape and sexual assault, they're not taking it seriously. in the past few days, many indian politicians have started issuing public statements, making clear they wil
the government taking extraordinary measures to keep the situation calm. the hospital authorities issuing this sad statement. >> in the past few minutes, they said the 23-year-old woman who is gay and raped december 16 has died. they had been warning the past few hours that she was suffering severe organ failure because of injuries she received in the attack. they have confirmed she has died. >> the government was trying to stop this rising wave of public anger across the country...
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in the long run that is what i'm worried about, how big is government? how much of our economy's resources will be diverted and consumed by government? because i don't want to become greece or france or one of these stagnant slow growth welfare states. think evidence is very clear that fiscal policy does matter for an economy's performance. doesn't mean we have a recession if taxes go up but it does mean that government will be bigger and our growth rate in the long run maybe instead of 2.7, it is 2.6. that doesn't sound like much but because of compounding it adds up. adam: dan, i don't think there is any danger we become greece or france in a lot of ways. we're not a socialist country yet and greece is a whole different ball of wax. rich, the discussion about the economy, the spending cuts that they're talking about do put people out of work and that would have a negative effect on the economy, would it not? >> it would, adam. real quick, a bit of news here. president obama will deliver a statement at 4:45, something i imagine we'll cover live here on
in the long run that is what i'm worried about, how big is government? how much of our economy's resources will be diverted and consumed by government? because i don't want to become greece or france or one of these stagnant slow growth welfare states. think evidence is very clear that fiscal policy does matter for an economy's performance. doesn't mean we have a recession if taxes go up but it does mean that government will be bigger and our growth rate in the long run maybe instead of 2.7, it...
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the government taking extraordinary measures to keep the situation calm. the hospital authorities issuing this sad statement. >> in the past few minutes, they said the 23-year-old woman who is gay and raped december 16 has died. they had been warning the past few hours that she was suffering severe organ failure because of injuries she received in the attack. they have confirmed she has died. >> the government was trying to stop this rising wave of public anger across the country with some amazing scenes. on the streets of delhi, water cannons, protesters not giving in. this news, will that fueled the anger? >> i think the anger will rise considerably. protests on the streets in delhi, people furious at this case and what they see as a kind of rot where the police are not investigating sexual assault and rape properly and that the authorities in general are taking the whole situation regarding rape and sexual assault, they're not taking it seriously. in the past few days, many indian politicians have started issuing public statements, making clear they wil
the government taking extraordinary measures to keep the situation calm. the hospital authorities issuing this sad statement. >> in the past few minutes, they said the 23-year-old woman who is gay and raped december 16 has died. they had been warning the past few hours that she was suffering severe organ failure because of injuries she received in the attack. they have confirmed she has died. >> the government was trying to stop this rising wave of public anger across the country...
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and russia in november governing u.s. adoptions to russia, putting out responsibilities for both sides. so what they're saying is, let's please stick to that agreement. they're in close touch with those families, and they're hoping that at least these 50 or some odd cases should be resolved. they're asking parents that are in the pipeline, stay in touch with your adoption agency and also look at adoption.state.gov. we'll put that on our website. that's where parents can get the very latest information about this crisis. >> all right. elise, thank you very much. appreciate it. >>> americans whose adoptions are in imbow are very worried. they're even desperate for information. i want to talk to a family via skype. this is from dover, new jersey. this is jenny and josh johnston. they are in the process of adopting a child from russia. thank you very much for joining us here. i can only imagine -- i can't really imagine what you are going through here. the two of you already have three children, one of them adopted from ethio
and russia in november governing u.s. adoptions to russia, putting out responsibilities for both sides. so what they're saying is, let's please stick to that agreement. they're in close touch with those families, and they're hoping that at least these 50 or some odd cases should be resolved. they're asking parents that are in the pipeline, stay in touch with your adoption agency and also look at adoption.state.gov. we'll put that on our website. that's where parents can get the very latest...
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lou: they don't want to depend on government? >> i think they -- >> i justmented to see if we could -- i just wanted t see if we could get that far. >> i think they want to be taken care of at the hospital when they go there and make se they have enough money to pay medical bills,. lou: they want to make a ling wage, that and i think that is something that everyone should have -- that is an entitlement, there should be an opportunity to make a good living, that is something we let the sob's take away, that is something we have to get fixed. maybe this november 6 wwll be a opportunity. >> this depends on who those sob's are. lou: first thing to do is identify the sob's youet a language way toward doing that. -- long way toward doing, that jean-marie,ry hav we have identa terrific writer, a wonderful book. you can go to her web site. and pick it up in your bookstore. any number of places, did i mention lou dobbs.com too. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive cus
lou: they don't want to depend on government? >> i think they -- >> i justmented to see if we could -- i just wanted t see if we could get that far. >> i think they want to be taken care of at the hospital when they go there and make se they have enough money to pay medical bills,. lou: they want to make a ling wage, that and i think that is something that everyone should have -- that is an entitlement, there should be an opportunity to make a good living, that is something we...
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government is sponsoring some of the political protests against president putin's presidency. so we're in that kind of phase that unfortunately we're in very frequently in the u.s.-russian relationship. if we look back over the last 20 years, since the collapse of the soviet union, we've constantly tried to reset the relationship with russia and time and again after a brief period of you poor ya about a new partnership or start, we end up within several months to a year of being right back again to some kind of spot over spying, over legislation that's perceived as a double standard by the russians or over some large issue. there's many irritants, unfortunately, in the relationship. >> suarez: fiona hill, lauren koch, thank you both. >> thank you. >> brown: next, the european financial crisis as it's playing out at street level. i had a chance to see for myself recently on a reporting trip to athens. for nearly two decades, stelios karagilanis, a father of two, headed a family-owned construction company. today, his business closed, he is forced to accept free medical care and
government is sponsoring some of the political protests against president putin's presidency. so we're in that kind of phase that unfortunately we're in very frequently in the u.s.-russian relationship. if we look back over the last 20 years, since the collapse of the soviet union, we've constantly tried to reset the relationship with russia and time and again after a brief period of you poor ya about a new partnership or start, we end up within several months to a year of being right back...
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the russian government now aims to block those. families in russia and the u-s argue the bill victimizes children to make a political point. experts will study the d-n-a of the man behind the newtown connecticut school shooting. earlier this month, adam lanza killed 27 people, including 20 children, before killing himself. geneticists hope something in lanza's d-n-a will provide clues as to why he went on a killing spree. other experts say there are many genetic combinations that contribute to mental illness and it may be too difficult to blame any single mutation. the police union of newtown is asking for "extraordinary benefits" for officers who were first on the scene of the sandy hook school shooting. some of the first responders remain so traumatized by what they saw- they are unable to return to work. >> we have seen this happen in colorado and virginia tech. the effects of this type of emotional trauma are long lasting. >>newtown police officers currently get 10 paid sick days has a year. lawyers claim that's not enough to c
the russian government now aims to block those. families in russia and the u-s argue the bill victimizes children to make a political point. experts will study the d-n-a of the man behind the newtown connecticut school shooting. earlier this month, adam lanza killed 27 people, including 20 children, before killing himself. geneticists hope something in lanza's d-n-a will provide clues as to why he went on a killing spree. other experts say there are many genetic combinations that contribute to...
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free massive government settlement between the feds and 14 learneds for improper dmroesh our. the money deadline was closed three times now. 356,000 homeowners excitemented for the review. maybe if you realize i got foreclosed on. >> let's make a deal especially if you want to buy a car. >> dealerships have way too many cars on their lots. discounts take in several forms. you can get cash back. 6,000 cash. 0 percent financing. some cases you can save 9,000 on a gm truck. they have way too many of those. it is the best year in five years. 14 and a half million vehicle sold. that is up 13 percent or so from the year before. soy far it means more discounts. >> good news for the auto industry but not movie industry. >> years ago the video guys never worried about master music piracy you can't download a movie series. game of throwns is t-- game of thrones is the most pirated download. it is the most illegally downloaded show, 14.3 million down loads. killer drama came in third and big bang theory a sweet comedy was third. they do it illegally instead of paying for it. most of the
free massive government settlement between the feds and 14 learneds for improper dmroesh our. the money deadline was closed three times now. 356,000 homeowners excitemented for the review. maybe if you realize i got foreclosed on. >> let's make a deal especially if you want to buy a car. >> dealerships have way too many cars on their lots. discounts take in several forms. you can get cash back. 6,000 cash. 0 percent financing. some cases you can save 9,000 on a gm truck. they have...
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government. david: we already have. are you kidding, larry? we already have. >> i doubt it because, really, if the credit were destroyed, the cost of finance at the margin would be going up, and the cost of finance at the margin for the federal government is going down. >> larry, consumers are pulling back, a consumer that's pulling back, not spending as much, that is not going out and driving and consuming oil, the confidence seems eroded before a decision is made in dc. we don't even need a decision. david: larry, i know what you say about interest rates, overriding factor thinking about investment and how much cash, but, again, right for now, our credit rating is the best in the worlding but it's a lousy world of credit. that's the problem is that with all this money printing going on around the world, i'm wondering when that comes back to bite us. >> well, that's why you don't want to be in bonds and be in stocks because stocks -- david: good point. >> when stocks accelerate, good hedge against inflation. the consumer in the cave, i don't
government. david: we already have. are you kidding, larry? we already have. >> i doubt it because, really, if the credit were destroyed, the cost of finance at the margin would be going up, and the cost of finance at the margin for the federal government is going down. >> larry, consumers are pulling back, a consumer that's pulling back, not spending as much, that is not going out and driving and consuming oil, the confidence seems eroded before a decision is made in dc. we don't...
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directly ahead big government tanging the war on tobacco to a new extreme. this time targeting cigarettes and big league chew, kimberly has more on the smoking gum next. ♪ ♪ p.m. eastern. now back to new york and "the five." ♪ ♪ >> welcome back to "the five." shop in saint paul has been warned to stop selling candy smokes with bubble gum cigars after they are trying to prevent kids from trying the real stuff one day. does anyone want to tie it throt is a nexus between candy cigarettes and bubble gum cigars and taking up smoking? any takers? smokers amongst us? >> greg: this research is created to prove the point researchers want that candy cigarettes lead to real smoking. all kids had candy cigarettes. ban hot wheels because kids fast on them. cap gun leads to real guns. making a finger like this should be banned. no more using -- >> bob: making a finger lik like -- never mind. >> andrea: that is banned. >> bob: of course it should be banned. >> eric: they're fun. >> bob: it's a law. it's a law. >> andrea: i had those. look at me. >> eric: they have
directly ahead big government tanging the war on tobacco to a new extreme. this time targeting cigarettes and big league chew, kimberly has more on the smoking gum next. ♪ ♪ p.m. eastern. now back to new york and "the five." ♪ ♪ >> welcome back to "the five." shop in saint paul has been warned to stop selling candy smokes with bubble gum cigars after they are trying to prevent kids from trying the real stuff one day. does anyone want to tie it throt is a nexus...
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based on an ideology that calls on government to be as small as possible. its roots are as old as american politics, but the philosophies main spokesman is this man, grover norquist, president of americans for tax reform. his pledge signed by almost all republicans in congress forbid signatories from raising taxes ever under any circumstances. things come to ahead in the summer of 2011. they demand they reduce deficit as a condition for raising the debt ceiling. without a deal shs the u.s. would lose its ability to borrow money. republicans and democrats deploy tactics that shut down the government and ultimately cost america its aaa credit raid raiting for the first time in history. in a last-minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across-the-board cuts known as the sequester would go into effect starting january 2013. at the exact moment when the bush
based on an ideology that calls on government to be as small as possible. its roots are as old as american politics, but the philosophies main spokesman is this man, grover norquist, president of americans for tax reform. his pledge signed by almost all republicans in congress forbid signatories from raising taxes ever under any circumstances. things come to ahead in the summer of 2011. they demand they reduce deficit as a condition for raising the debt ceiling. without a deal shs the u.s....
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recently sued by the government following the death of five infants, the cpsc says its makers are unable or unwilling to issue a recall. so major retailers have now voluntarily recalled the product including amazon and baby bibs are us. home depot is recalling a mug. its silver handle is a fire hazard in the microwave. and think twice before packing away papyrus framed christmas ornament and trees with your decorations. mold spores have been discovered on the products posing serious health risks for some. other recalls include disney hoodies with lead paint in the zippers and lg washing machines that could cause injury or damage your home. for a full lives recalls and for a link to the check 'n go refund claim form head to cbssf.com/consumerwatch. >>> a waterfront villa in belvidere goes on the auction block this sunday. >> we have a starting price -- starting price -- $25 million! cbs 5 reporter don ford has a look at the luxuries state and what it takes to be the very first owner. >> reporter: it's one of the finest homes in the country. quite possibly one of the finest view homes in t
recently sued by the government following the death of five infants, the cpsc says its makers are unable or unwilling to issue a recall. so major retailers have now voluntarily recalled the product including amazon and baby bibs are us. home depot is recalling a mug. its silver handle is a fire hazard in the microwave. and think twice before packing away papyrus framed christmas ornament and trees with your decorations. mold spores have been discovered on the products posing serious health...
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CNBC
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government bonds still have a role. government bonds with credit on top if you like. so we were one of the first private banks to buy ultra long corporate bonds normally held by pension funds reflecting the fact that you have above average risk premiums and potential risk correlation. so that's attractive. an area that's really suffered, ctas. >> ctas? >> ctas really suffered. >> what are ctas? >> commodity trading advisers is what they're short of. it's a style of hedge fund management and it did very well in '08 and '01 or '2. they've struggled for a couple of years. but still importantly they still have a negative correlation. >> i'm just wondering what happens with the cliff impact on gold. you know, if we find the cliff solution, if we find a mediocre solution, if we find no solution, are we going to see a huge swing in the price of gold? >> well, gold has a safe haven role. it has had a safe haven role just like other assets that you mentioned that could be hemgs against equity movements such as these safe haven bonds such as german ones, u.s. ones, maybe japane
government bonds still have a role. government bonds with credit on top if you like. so we were one of the first private banks to buy ultra long corporate bonds normally held by pension funds reflecting the fact that you have above average risk premiums and potential risk correlation. so that's attractive. an area that's really suffered, ctas. >> ctas? >> ctas really suffered. >> what are ctas? >> commodity trading advisers is what they're short of. it's a style of hedge...
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government is going to fight very hard to make sure those cases do come through, that those kids come here. but the law goes into effect january 1. >> heart-rending for those parents. amy, thank you. >>> a temporary deal stopped a pending shutdown of major u.s. ports that could have cost the economy billions. dock workers threatened a strike to freeze operations on the east coast and gulf of mexico but a contract extension gives them another 30 days to resolve their labor dispute with port owners and shippers. phil keating is live in south florida. there were key sticking points. which side budged? >> good afternoon, trace. we still don't know which side did in fact budge, whether it was the longshoremen or the shipping company owners or it could have been both sides coming together and reaching a negotiated deal. hard to imagine with what we see in washington, d.c. but neither side is talking. the key points had been over container royalties. you see the heavier each container is, the more money each long shore had man gets paid to take it off and put it on the truck. the owners of t
government is going to fight very hard to make sure those cases do come through, that those kids come here. but the law goes into effect january 1. >> heart-rending for those parents. amy, thank you. >>> a temporary deal stopped a pending shutdown of major u.s. ports that could have cost the economy billions. dock workers threatened a strike to freeze operations on the east coast and gulf of mexico but a contract extension gives them another 30 days to resolve their labor dispute...
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however, some complain that is a foreign concept to our government. correspondent william la jeunesse explains the push for national yard sale. >> amtrak to vacant buildings like these in california many wonder if the federal government should sell what it doesn't need. >> so instead of raising taxes that takes money out of the economy and loafers activity, we should look to sell federal assets. >> empty v.a. hospital in los angeles for $5 billion or part of the water front former military base in san francisco. both cases, politicians said no. they want to make sure they are taken care of. sometimes it gets in way of what is best for the nation. >> federal government is america biggest landlord. selling 20% of the empty or underperforming buildings would save $2 billion. you go through and clear it out. it's a matter of scale. defense refused to sell valuable public land adjacent to fast-growing city. without charging royalties like we do for oil and natural gas. selling amtrak could net $60 billion. the tennessee authority and the power would bring
however, some complain that is a foreign concept to our government. correspondent william la jeunesse explains the push for national yard sale. >> amtrak to vacant buildings like these in california many wonder if the federal government should sell what it doesn't need. >> so instead of raising taxes that takes money out of the economy and loafers activity, we should look to sell federal assets. >> empty v.a. hospital in los angeles for $5 billion or part of the water front...
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and that would force the government to pay dairy farmers much higher prices for their milk, pushing costs up all across the board. >>> another day, another upbeat report on the rebounding housing market. sales of new homes jumped 4.4% between october and november. the fastest pace in more than 2 1/2 years. overall, new home sales are up 15% over the past year. >>> and still, with the economy, a sign of the rebounding u.s. auto industry. ford will spend more than $750 million to expand a half-dozen manufacturing plants in michigan. that will create more than 2,300 jobs and save 3,000 others. it's part of the company's commitment to invest $6.2 billion in its u.s. plants and create 12,000 jobs by 2015. >>> there are movie flops. and then, there's the 2012 film that's the biggest flop of all-time. christian slater's indy cop horror film "payback" grossed a total of $264. box office mojo crunched the numbers and found that "payback" played in one theater last spring. if you're counting, that means a couple dozen people decided to buy tickets. >> you know who you are who bought tickets to see
and that would force the government to pay dairy farmers much higher prices for their milk, pushing costs up all across the board. >>> another day, another upbeat report on the rebounding housing market. sales of new homes jumped 4.4% between october and november. the fastest pace in more than 2 1/2 years. overall, new home sales are up 15% over the past year. >>> and still, with the economy, a sign of the rebounding u.s. auto industry. ford will spend more than $750 million...
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Dec 28, 2012
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, get 50% or more of their sales from government contracts. really interesting stuff. it's not just, again, defense companies. you're going to see waste management in there, an environmental company. motorola in there as well. we talked to fidelity. they are concerned as well telling amists to watch for certainly insexes -- indexes and others that cover financials and others cited there. adam: i have friends saying there's no fiscal cliff, it's make believe trumped up by the media and parties to scare people, get rate, and, perhaps bring about policy that's not true. look at the companies, the fact that the government -- look at the contracts that would be canceled, those are people who would lose jobs in several months. the recession that the cbo is legitimate looking at that list. >> that's right, adam. it's interesting because it flushes out what companies basically operate on the iron lung, with an iron lung, because of the government subsidies. it was interesting to me, the list of the companies that get so much of the revenues from the g
, get 50% or more of their sales from government contracts. really interesting stuff. it's not just, again, defense companies. you're going to see waste management in there, an environmental company. motorola in there as well. we talked to fidelity. they are concerned as well telling amists to watch for certainly insexes -- indexes and others that cover financials and others cited there. adam: i have friends saying there's no fiscal cliff, it's make believe trumped up by the media and parties...
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Dec 28, 2012
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WUSA
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the government ordered 14 big banks to take part in the program after it was discovered they improperly processed foreclosure paperwork, or made other misrepresentations about mortgage terms. harmed homeowners can be compensated up to $125,000. but critics, like new jersey senator robert menendez complain the bank controls the review process. >> who they choose areoften lawyers and consultants who have worked with the bank before, and so it's a little bit of the fox watching the chicken coop. >> reporter: the office of the comptroller, which oversees the program, told us independence has been a priority. >> this free program is monitored by federal bank regulators. >> reporter: other complained despite ads like this, few people even know about the program. only 10% of the 4.4 million eligible homeowners have enrolled. >> we'll give you instructions on what to do. >> reporter: west ang less community develop the corporation held one of nine workshops around the country this month, with people like dorothy patton, signed up. thras >> we know there are thousands more, hundreds of thousands
the government ordered 14 big banks to take part in the program after it was discovered they improperly processed foreclosure paperwork, or made other misrepresentations about mortgage terms. harmed homeowners can be compensated up to $125,000. but critics, like new jersey senator robert menendez complain the bank controls the review process. >> who they choose areoften lawyers and consultants who have worked with the bank before, and so it's a little bit of the fox watching the chicken...
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Dec 28, 2012
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but not on more government spending. they say they're waiting to see what democrats propose. >> see what the president has to propose. members on both sides of the aisle will review it. and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly, preventible economic crisis. >> the goal is still to get a deal before midnight monday. a growing number of lawmakers doubt that will happen. some are saying the soonest a deal may come could wind up being january 3rd when the new congress takes over. reporting live in washington, i'm danielle lee. >> thank you, danielle. >>> millions of americans may watch the ball drop in times square, but a group of democrats is organizing its own ball drop on capitol hill. they will launch their countdown today. they say their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal to avoid the fiscal cliff. >>> going over the fiscal cliff could have
but not on more government spending. they say they're waiting to see what democrats propose. >> see what the president has to propose. members on both sides of the aisle will review it. and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly, preventible economic crisis. >> the goal is still to get a deal before midnight monday. a growing number of lawmakers doubt that will happen. some are...
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was a tremendous emotional response and the guns were banned and those people who owned them and the government knew where they were because they were all registered were required to hand them in even the target shooting olympic team was not allowed to keep guns in the country and they had to practice and keep their guns abroad, but nonetheless, within the decade of guns being withdrawn from these people gun crime with handguns actually doubled and guns are really are awash on the streets and there's a fair amount of street crime using handguns which there hadn't been much of before, and it's beyond which was something that traditionally they never were. so it hasn't worked and what it has done and it's taken the guns away from the law-abiding people that might have used them to protect themselves or to do something else with legitimately. >> what do you say to people who look at united states and say, wow! random mass murderers -- i heard it today. random mass murders in the united states where some whacko killed a bunch of people he doesn't know seems to happen every six months in the united
was a tremendous emotional response and the guns were banned and those people who owned them and the government knew where they were because they were all registered were required to hand them in even the target shooting olympic team was not allowed to keep guns in the country and they had to practice and keep their guns abroad, but nonetheless, within the decade of guns being withdrawn from these people gun crime with handguns actually doubled and guns are really are awash on the streets and...
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Dec 28, 2012
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because the government would the wholeeale rate... under a pre-filed bill in the general assembly... is looking to make soft-shell crab... the official maryyand sannwicc.the senator richard colburn... an eastern shore republican.so dessert.in 2008... lawmakers passed llgislatiin tt make smith islann cake... a &pmulti-layered cake... the throw awaa the locks.... now the doorr will remain open all the timm at maryland casinos. so how uch more money will it the state? ptate? oel d. smith is see what the casino is expecting. joel, how busy is it? 3 3 3 the new year's eve ball haa been installed at times square... and preparaaions aae uuderway foo the big night.the ball... which has 288 crystal panels... will drop downna 141-foot-tall flaggole... to usser in the new year. the theme "let thhre be peace."" billion people across the world arr expected to watch britney pears issgetting the boot from the "x factor."an insider tells us magazine"... the ssnger didn't show enough &penergy....and wasn't wooth her 11-million-dollar contract. that sa
because the government would the wholeeale rate... under a pre-filed bill in the general assembly... is looking to make soft-shell crab... the official maryyand sannwicc.the senator richard colburn... an eastern shore republican.so dessert.in 2008... lawmakers passed llgislatiin tt make smith islann cake... a &pmulti-layered cake... the throw awaa the locks.... now the doorr will remain open all the timm at maryland casinos. so how uch more money will it the state? ptate? oel d. smith is...
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Dec 28, 2012
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FOXNEWSW
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we want something done through the government. and if nothing gets done you will see the market come down, or i should say if something small gets done that is not what we need. in a few months we revisit this once again. you also have the debt limit ceiling we're looking at the end of the year as well there is so much going on. if we kick this down the road we'll lose complete confidence in the government. they will sit on money, they will not spend and recession is inevitable. >> s&p has been up. all other markets have pretty much been up on the year. do you think people who are checking their 401(k)s and what not, the pension plans, they don't really appreciate perhaps the gravity of what is about to hit them? >> no, they don't. most people surprisingly when you ask them how well they have done with their 401(k), they think they have done terrible but when they open their statements at end of the year they will be pleasantly surprised. one of the thing people have they have been scared and on the sideline. people making money a
we want something done through the government. and if nothing gets done you will see the market come down, or i should say if something small gets done that is not what we need. in a few months we revisit this once again. you also have the debt limit ceiling we're looking at the end of the year as well there is so much going on. if we kick this down the road we'll lose complete confidence in the government. they will sit on money, they will not spend and recession is inevitable. >>...
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Dec 28, 2012
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we have a huge government. the average member of congress has about 2 seconds per year to think about how they spent each million dollars they spend. that's not enough time for them to analyze everything. so they end up passing laws they don't read. that causes huge problems of all sorts. i agree with you, that's a major problem. the housing problem, the financial crisis is really a problem caused by states and local governments. often state and local governments following trends, following planning fads' rather than doing what really works best for the american people, which is to let people choose how they want to live, how they want to get around, and pay for the cost of their. choices their but give them freedom of choice and let them do what they want. host: this is from wall street journal earlier this month -- guest: mental prices are on the rise in places that have land use restrictions like d.c., boston. they're not really on the rise in places that don't have land-use restrictions. in houston, the fas
we have a huge government. the average member of congress has about 2 seconds per year to think about how they spent each million dollars they spend. that's not enough time for them to analyze everything. so they end up passing laws they don't read. that causes huge problems of all sorts. i agree with you, that's a major problem. the housing problem, the financial crisis is really a problem caused by states and local governments. often state and local governments following trends, following...
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Dec 28, 2012
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government is good or government is bad. it is somewhere in between. my experience working with the department of education, for the most part, the tensions are -- intentions are good. it drives people near profit. you get to the collection side and there's a whole system of financial systems that draws people more towards profit. hopefully we can have a conversation of higher education in the first place. it is what is right now. we're denying some many people the benefits of it. >> the example of $10,000 of and come and $30,000 of debt, either they are not aware of what that means, for there are expecting the child. i say we get rid of alone and have a rational set of limits on the student loans based on the degree lovell that will specify -- level that will specify what the likely in come as going to be. the annual limits of will be proportional. based on the length of the degree program. i think that we need to do more on the back end. and i know you agree with this. we'd have a bankruptcy discharge available. we need to restore a statute of limita
government is good or government is bad. it is somewhere in between. my experience working with the department of education, for the most part, the tensions are -- intentions are good. it drives people near profit. you get to the collection side and there's a whole system of financial systems that draws people more towards profit. hopefully we can have a conversation of higher education in the first place. it is what is right now. we're denying some many people the benefits of it. >> the...
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Dec 28, 2012
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that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on the floor during the 2001 tax bill and said our job is to raise taxes when they need to be raised and lower them when they need to be lowered. that's the senate and the house's job. >> but, one man's -- is another man's -- if you look at the laugher curve you don't know when to raise and when to lower at this point. >> president obama kept bush's taxes in for two years. >> i know. >> but suddenly, you know, democrats like you love the 98%, and you hate the 2%. it's very weird. >> tell him, joe. >> don't hate the 2%. i'm not a self-loathing hater. i don't hate the 2%. >> hey, joe, before we go, you mentioned -- you heard jimmy talking about the decider. that made me think of 4-3. but my heart and mind are with 41 and you worked for him. do you know anything? >> nothing new. we're just keeping him in our prayers.
that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on the floor during the 2001 tax bill and said our job is to raise taxes when they need to be raised and lower them when they need to be lowered. that's the senate and the house's job. >> but, one man's -- is another man's -- if you look at the laugher curve you don't know when to...
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Dec 28, 2012
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the syrian government is ready to talk with its opponents. now russian's foreign minister is calling on syria to make good on the offer. they are working with egyptian diplomats. russia expects to meet a senior american diplomat next month on the issue. >>> "stormin' norman has died. retired general norman schwartzkopf died of complications from pneumonia. he spent his entire life in the military. in vietnam, he rescued a wounded soldier by marking land mines with shaving cream. he later commanded the american- led coalition in the first iraq war. schwartzkopf was 78. >>> 5:37 now. police say a police officer who lives in antioch returned to his home to find three burglars inside the house. it happened on wednesday night. the officer tried to chase the suspects but stopped when one of them fired a shot into the air. apparently with a gun stolen from that officer's home. >> it appears to be random. like many cities in the bay area, our residential burglaries are on the rise and have been for quite some time. >> last month an officer in brentwo
the syrian government is ready to talk with its opponents. now russian's foreign minister is calling on syria to make good on the offer. they are working with egyptian diplomats. russia expects to meet a senior american diplomat next month on the issue. >>> "stormin' norman has died. retired general norman schwartzkopf died of complications from pneumonia. he spent his entire life in the military. in vietnam, he rescued a wounded soldier by marking land mines with shaving cream....
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in terms of his actual working in the governance, toward the governance of this country ,-com,-com ma again and again i learn from both republicans and democrats that he doesn't have the skill set as lyndon johnson had for instance, how to manipulate the levers of power in washington or ronald reagan who would get get together at the end of the day with tip o'neill, the democratic speaker of the house, have a drink with him, reminisce, tell jokes and then start working out how to get a bill pass. barack obama doesn't seem to know how to do that. he in fact, in private, he's a very introverted ers and who doesn't reach out beyond the small group of chicago operatives whom he has brought with him to the white house. >> opera had tried to ignore the ominous change in tone coming from the obama transition team as barack obama is it not gration drew near oprah's calls to michelle went and returned. instead oprah heard from max devlin that newly appointed white house ceremonies coordinator who told oprah that she needed to talk to him first about the interview. once more he said overhead to
in terms of his actual working in the governance, toward the governance of this country ,-com,-com ma again and again i learn from both republicans and democrats that he doesn't have the skill set as lyndon johnson had for instance, how to manipulate the levers of power in washington or ronald reagan who would get get together at the end of the day with tip o'neill, the democratic speaker of the house, have a drink with him, reminisce, tell jokes and then start working out how to get a bill...
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Dec 28, 2012
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how you care for the poor, how much government spends on the poor. they're very different and i think those philosophical differences are why they are really at loggerheads at this moment. the politics has not helped. right now, i think we're dealing with philosophy. >> absolutely. lisa, don't go anywhere. do we have ali velshi? is ali velshi there? ali? you have more coming up, i know. >> i do. i want to tell you about -- >> help me out here. they're not that far apart, are they? >> this is all politics. they're not that far apart. all the hard work has been done. and the danger of not getting a deal done far exceeds the danger of paying a little extra tax. i'll talk to you about that when i come back, don. >> see you after the break. >> all right. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. soun
how you care for the poor, how much government spends on the poor. they're very different and i think those philosophical differences are why they are really at loggerheads at this moment. the politics has not helped. right now, i think we're dealing with philosophy. >> absolutely. lisa, don't go anywhere. do we have ali velshi? is ali velshi there? ali? you have more coming up, i know. >> i do. i want to tell you about -- >> help me out here. they're not that far apart, are...
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Dec 28, 2012
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WBAL
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the government is generating more revenue. that makes all these problems smaller by comparison. jobs and growth ought to be a guiding principle in this discussion, which is why republicans are so reluctant to go for the big tax increases the president is trying to get through. >> senator, is it reasonable to ask taxes to go up on those households making more than $400,000 a year as the president presented to speaker boehner? >> well, you know, i think that republicans have been willing to accept the idea thatevenue is going to have to be part of this solution. we also believe that the chuck schumer principle, which is $1 million, he ought to extend the rates for everybody under $1 million. that's something that if the democrats in the senate want to pick up a bill that passed in the house and amend it, send it back to the house, i think that's something that might pass. right now, we're at a stalemate because democrats haven't been willing to consider the issue of spending. all they want to deal with now is tax increases. that's bad for the economy. that hurts jobs. >> to that p
the government is generating more revenue. that makes all these problems smaller by comparison. jobs and growth ought to be a guiding principle in this discussion, which is why republicans are so reluctant to go for the big tax increases the president is trying to get through. >> senator, is it reasonable to ask taxes to go up on those households making more than $400,000 a year as the president presented to speaker boehner? >> well, you know, i think that republicans have been...
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Dec 28, 2012
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the government's business and residents. the sweep and depth of destruction and human impact and financial effect was simply staggering and our response should match its historic magnitude. we must act big think big go forward with vision and meet the needs of people as we do in america. we are, as has been said, the united states of america. we meet catastrophe with the resources and commitment that are necessary to make sure that people are treated fairly, and here delay or reduction in resources is unfair. delay in effect is denial. and just like justice delayed is justice denied so would be the resources here if they are delayed by the kinds of amendments that have been offered and by the proposals to reduce the amount of resources that can be available. the estimates about the disaster can occupy much time on this floor, and i am going to be brief in describing what i think is necessary because i have previously spoken before committees of this body and suffice it to say that right away we need to redouble our efforts t
the government's business and residents. the sweep and depth of destruction and human impact and financial effect was simply staggering and our response should match its historic magnitude. we must act big think big go forward with vision and meet the needs of people as we do in america. we are, as has been said, the united states of america. we meet catastrophe with the resources and commitment that are necessary to make sure that people are treated fairly, and here delay or reduction in...
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we have debt that's being issued by governments, by corporations. will we need a capital markets business? even though the capital markets businesses aren't beating their cost of capital right now what we're seeing is we're seeing compensation levels coming down, increasing the margins in it. we're seeing inventory levels come in. that means that the amount of capital that they're putting, that they have there is dropping, which of course would be an improvement in roes. all of this leads to a world of sort of a repricing of the capital markets. wider bid offers treads, less tratding volume, less risk taken but will there be a capital markets business? the answer is yes. unfortunately right now the issue we have is the fiscal cliff which makes everything uncertain at least through march. a lot of washington circus going on. we, you know, i think it's pretty reasonable to assume that no politician, no libertarian would ever want the u.s. to default on its debt. so by march we should have a solution to that. then what we are is we're back in an enviro
we have debt that's being issued by governments, by corporations. will we need a capital markets business? even though the capital markets businesses aren't beating their cost of capital right now what we're seeing is we're seeing compensation levels coming down, increasing the margins in it. we're seeing inventory levels come in. that means that the amount of capital that they're putting, that they have there is dropping, which of course would be an improvement in roes. all of this leads to a...
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police have not yet located the government. service was stopped last night for about 45 minutes as officers make sure that the shooter was not getting away on bart train. >> in nationals, and high- stakes meeting will be held in washington this afternoon as the nation edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. they have only four days to reach an agreement. the u.s. economy and make over the so-called fiscal cliff. reaching a deal before them will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are all watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. i told president i would be happy to look at what they're he promises but the truth is is that we are coming up against a hard deadline here and as i
police have not yet located the government. service was stopped last night for about 45 minutes as officers make sure that the shooter was not getting away on bart train. >> in nationals, and high- stakes meeting will be held in washington this afternoon as the nation edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. they have only four days to reach an agreement....
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Dec 28, 2012
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spreading the wealth around, that he believed in a more corporatist system of economy meaning that big government, big corporations and big unions would decide who's going to win and who's not going to win, and that he would take a less aggressive role abroad in what we now call lead from behind. a lot of these historians wondered how he was going to accomplish so much when he had two wars going on at that time in iraq and afghanistan, and even lyndon johnson couldn't get a lot of his domestic stuff passed when he had two wars going. but obama said, well, i can do it because -- he didn't say these words, because i'm special. and it was a real insight into his character which has a great deal of i would call over self-confidence, human hubris, t pride if himself, and a view of he doesn't really understand how the world works which makes him an amateur. >> host: you report on the conversation that held place in that historians' meeting, and you say that he had proposed a new term for his term in office, and that was a new foundation -- >> guest: yes. >> host: and what was -- >> guest: and doors kea
spreading the wealth around, that he believed in a more corporatist system of economy meaning that big government, big corporations and big unions would decide who's going to win and who's not going to win, and that he would take a less aggressive role abroad in what we now call lead from behind. a lot of these historians wondered how he was going to accomplish so much when he had two wars going on at that time in iraq and afghanistan, and even lyndon johnson couldn't get a lot of his domestic...